How To Choose The Right Personal Loans For Your Needs

When you have an emergency expense you can’t handle alone, personal loans like title loans and payday loans from us at Texas Car Title and Payday Loan Services, Inc. can help. But how do you know you are choosing the right personal loan for you? Well, it all depends on a few different factors like your specific financial need and if you can meet the requirements for a specific loan. To be able to make your decision, keep reading this article to learn more about title loans and payday loans.

Here's How To Choose Between Title Loans And Payday Loans

Which Loan Should You Choose?

If you have some urgent financial needs that you have to cover as soon as possible, you can reach out to Texas Car Title And Payday Loan Services Inc. right now. You can consider payday loans and title loans, depending on which might be better for your circumstances. Both title loans and payday loans can work when you urgently need money, but they will suit different people. A payday loan may be better if you have regular income, and a title loan may work if you have a car title for collateral.

blocks pointing two ways for personal loans

1. Title Loans

A car title loan can be beneficial if you have a title loan to use as collateral and a car in good working condition. You can borrow up to $15,000 with one of our title loans, depending on the make, model, age, and condition of your vehicle. If you want to find out how much you can borrow, you can get in touch to start the process. One of our agents will then reach out to you and discuss the paperwork you need, which will be proof of income, some state-issued ID, and the lien-free title of your vehicle.

Most people have these papers available, which makes it easy to check your eligibility for this sort of loan. It’s also important to have the vehicle available, as this is a key part of the assessment process. If you have the vehicle ready, one of our agents will meet with you and perform a quick inspection to see whether you are eligible for a title loan and how much you can borrow. This meeting can happen either at the nearest Texas store or at another location of your choosing.

2. Payday Loans

Payday loans allow you to borrow between $100 and $1,200, so they are generally smaller than car title loans. However, if you don’t have a vehicle or don’t want to use it, they may be worth considering. A payday loan is based on your income, so you’ll need to have a steady wage coming in every month to be eligible. You will also need to have your most recent pay stub as proof that you are able to repay the loan, plus a blank check to a checking account in your name.

Finally, you’ll need either your driver’s license or your state-issued photo ID. If you have all of these things, you can start the process on our website by filling out the online application, and then organize to come into a store to finish it off. Unlike title loans, we won’t be able to meet you at another location, so you will need to come to the nearest store. This is easy and can take as little as 30 minutes to fully complete. You can speak to one of our agents on the phone first to get more information.

Are These Loans Quick?

We understand that getting money fast is a key feature because you’ve got urgent bills piling up or because you’re facing penalties if you don’t cover a financial need in time. If this is the case for you, the good news is both of these personal loans are quick! In fact, if you are approved for either of them, you can get the money you need either later that same day or the next bank business day at the latest. That means you can take care of financial emergencies much more effectively.

Moreover, we have made sure that, no matter which loan you choose, you won’t have to bring in a ton of required items just to find out if you qualify. We’ve made these lists shorts so you can make sure you have the correct items with you. Without these items, we won’t be able to tell you if you qualify, so it is important you have the correct things. Here are the items you will need depending on the type of loan you want:

  • Title loans
    • Your driver’s license or state-issued photo ID.
    • The lien-free car title in your name.
    • The matching car for the inspection.
    • Your most recent pay stub.
  • Payday loans
    • Your most recent pay stub.
    • Driver’s license or state-issued photo ID.
    • Your blank check from an active checking account.

worried woman choosing between two personal loans

Get Your Loan Right Now!

As you can see, either of our loans can help you out when you have an emergency you can’t handle on your own. Now all you have to do is pick the loan that best fits your situation! So don’t hesitate and decide between our title loan and our payday loan right away! And if you still aren’t sure what kind of loan you need or you want more information before you come to a decision, reach out to us by filling out our online form right now!


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

Louis Tully

Louis Tully is a full-time finance writer offering financial expertise to everyday consumers. He understands the core values of finance and used his writing talents to share his own experiences with money to his readers. His articles teach how financial failures can easily become successes by making new habits and creating realistic goals.